CAE loses in­struc­tor sup­port con­tract with U.S. Army

Stockwatch Daily - - FRONT PAGE - Ms. He­lene Gagnon re­ports

CAE INC.’S CAE USA has been ad­vised that fol­low­ing the protest of the ini­tial award to CAE USA, the ini­tial en­try ro­tary-wing in­struc­tor sup­port ser­vices con­tract was granted to the in­cum­bent con­trac­tor.

CAE USA is dis­ap­pointed with this de­ci­sion from the United States Army, and fol­low­ing a de­brief will de­ter­mine next steps, which could in-

clude fur­ther protest.

CAE USA was orig­i­nally awarded this con­tract in late 2016 and it was an­nounced on Jan. 12, 2017. Be­cause the con­tract award to CAE USA was protested im­me­di­ately, CAE USA had not yet be­gun ex­e­cut­ing on this con­tract.

Ac­cord­ingly, this de­vel­op­ment does not change CAE’s out­look for the year, or its ex­pec­ta­tions for growth in its de­fence and se­cu­rity busi­ness.

About CAE Inc.

CAE is a global leader in train­ing for the civil avi­a­tion, de­fence and se­cu­rity, and health care mar­kets. Backed by a 70-year record of in­dus­try firsts, the com­pany con­tin­ues to help de­fine global train­ing stan­dards with its in­no­va­tive vir­tual-to-live train­ing so­lu­tions to make fly­ing safer, main­tain de­fence force readi­ness and en­hance pa­tient safety.

Mar­garet S Bill­son, Michael M Fortier, Paul Ernest Gagne, James Floyd Hank­in­son, Alan N MacGib­bon, John Paul Man­ley, Marc Par­ent, Peter J Schoomaker, An­drew John Stevens, Katharine Berghuis Steven­son

(CAE) Shares: 268,468,608

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